Get in touch

Submit

Thank you

There are multiple criteria which must be met in order to qualify for access to the Patent Box. It can only be accessed by companies that are headquartered in the UK and where the main research and development nexus is also within the UK.

If your business qualifies, you could benefit from a significant discount on corporation tax in relation to the profits derived from the patented invention. What is more, if your patented technology only contributes to one small element of a wider product, you may qualify for the tax exemption on the value of the product as a whole. In this respect, the Patent Box can be a very generous benefit and which makes it popular for innovative companies looking to manage their tax exposure in the UK.

 

Patent Box - the Keltie difference

Our attorneys have witnessed first hand how the Patent Box system successfully stimulates innovation. In spite of this , many innovative British businesses are not using it. Whilst awareness of similar initiatives such as R&D tax Credits is high, awareness of the Patent Box is still relatively low - as of 2021 it is estimated that a majority of companies involved in innovating in the UK are not accessing the scheme.

 

Keltie offers comprehensive audits of your technology and technology processes, to help determine whether or not you are generating the kind of innovations that might enable you to qualify for the Patent Box.

 

This where we add value - by getting involved in the earliest stages of planning and developing an innovation, we can help access and unlock the benefits of the scheme. Our experienced attorneys will advise on whether Patent Box considerations should be built into your intellectual property strategy and portfolio, so you can capitalise on the value of your innovations.

 

Contact our skilled patent attorneys today to find out whether your innovation could enable you can start enjoying the benefits of the Patent Box.

Continue reading about Patent Box
More
How patents can help agri-tech companies explore new markets

31.10.2024

How patents can help agri-tech companies explore new markets

Agricultural innovation, often termed agri-tech or agtech is critical to the future of farming. From genetically modified plants and foods to sensors and robots, new technologies will drive improved productivity and sustainability. With the world’s population expected to grow by 20% in the next 25 years, and food demand due to increase by 56% in 2050 compared to 2013, agri-tech innovation will help ensure there is enough food while maintaining the Earth’s resources and dealing with the impact of climate change.

More
Inspiring Inclusion: The Journey with Danielle and Holly

08.03.2024

Inspiring Inclusion: The Journey with Danielle and Holly

In alignment with the International Women's Day (IWD) 2024 theme, ‘Inspire Inclusion,’ we sat down with Danielle and Holly to delve into their perspectives, experiences, and insights on promoting inclusion.

More
An interview with Colin Paterson, Partner at Keltie

12.02.2024

An interview with Colin Paterson, Partner at Keltie

We talk to Colin Paterson, who has recently become a Partner at Keltie. Colin discusses his career highlights and learnings as well as the values and principles he feels are most important as a patent attorney.

Get in touch

Submit

Thank you